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HomeMy WebLinkAbout11-07-08 Redevelopment Commission MinutesSOUTH BEND REDEVELOPMENT COMMISSION REGULAR MEETING November 7, 2008 10:00 a.m. 227 West Jefferson Boulevard Presiding: Marcia I. Jones, President South Bend, Indiana 1. ROLL CALL Members Present: Ms. Marcia Jones, President Mr. Greg Downes, Vice President Ms. Nancy King, Secretary Mr. Hardie Blake, Jr. Dr. David Varner Members Absent: Ms. Ann Rosen Legal Counsel: Mr. Charles S. Leone, Esq. Mr. Lawrence Meteiver, Esq. Redevelopment Staf£ Mr. Don Inks, Director Mrs. Cheryl Phipps, Recording Secretary Mr. Robert Mathia, Economic Development Specialist Ms. Jennifer Laurent, Economic Development Specialist Mr. Nicholas Witwer, Economic Development Specialist Ms. Debrah Jennings, Property Manager Others Present: Mr. Tom Price, Mayor's Office Ms. Elizabeth Leonard, Financial & Program Management Ms. Jamie Loo, South Bend Tribune Mr. Marty Wolfson, Community Forum for Economic Dev Mr. Randy Rompola, Baker & Daniels Ms. Jamie Ruiz, CB Richard Ellis Ms. Anneliese Woolford, CB Richard Ellis 2. APPROVAL OF MINUTES A. Approval of Minutes of the Regular Meeting of Friday, October 17, 2008. Upon a motion by Ms. King, SOCOnded by Mr. COMMISSION APPROVED THE MINUTES OF THE Blake and UnammOUSly Carrled, the COmmISSIOn REGULAR MEETING OF FRIDAY, OCTOBER 17, approved the Minutes of the Regular Meeting of zoo8 Friday, October 17, 2008. South Bend Redevelopment Commission Regular Meeting -November 7, 2008 3. APPROVAL OF CLAIMS Redevelopment Commission Claims submitted November 7, 2008 for approval. 324 AIRPORT AEDA Meridian Title Corporation 34,485.97 Wire Transfer Due 10/21/08 2:30 PM 1113 Ford St.Purchase Meridian Title Corporation South Bend Water Works Indiana Michigan Power Meridian Title Corporation C&E Excavating Inc. Meridian Title Corporation Park Department R.E. McCloskey & Associates, Inc. R.E. McCloskey & Associates, Inc. R.E. Pitts & Associates, Inc. R.E. Pitts & Associates, Inc Ralph D. Lauver DNA Wightman Petrie Wightman Petrie Wightman Petrie Barnes & Thornburg Wightman Petrie SBD Reprographics The Blue Waters Group South Bend Tribune Tri County News ZPD+A Architecture Abonmarche Bancroft Electric Inc DLZ Bancroft Electric Inc 669.36 1113 Ford St. Purchase 170.08 1000 Fellows St Sprinkler 147.48 420 S Williams 9,970.41 Wire Transfer Due 10/24/2008 9:00 AM 911 Marietha property Acquisition 136,504.04 Stidebaker Corridor Area A South site wide clearing demolition & grading 69,479.84 Wire Transfer Purchase of 1624 Maplewood Due 10/29/2008 1:30 PM 2,907.50 Seasonal Property Maint. 3,500.00 Graf Property NEC Franklin & Broadway 2,500.00 Uzelac Property at Franklin, Stull, Lafayette 9,900.00 Appraisal Services 1005, 1015 & 1311-1319 Lafayette Blvd & 1004 Franklin 4,590.00 Appraisal Services SE corner Franklin St/Stull / SW corner Lafayette Blvd & 1320 Franklin 5,500.00 Appraisal Service Ziolowski Properties 15,490.00 Survey Field Cre/Autocad Technician/Principal of Company-Planner/Copies of documents 1,900.00 Phase I ESA Ziolkowski Construction 1311-1319 S Lafayette Blvd 2,100.00 Phase I ESA Uzelac properties 2,300.00 Phase I ESA Ziolkowski Construction 1000 Block Lafayette Blvd & Franklin St 90.00 Nanotechnology Seminar on 7/09/08 1,800.00 Phase I ESA Graf-Site properties 254.48 Binding -Prints Groundbreaking event relating to Innovation 600.00 park/Sample St. 58.56 Bendix Family Physicians Office 63.81 Bendix Family Physicians Office 31,293.54 Planning consultants for LaSalle Sq 300.00 Bendix Dr Rehabilitation Main & Sample St Traffic Signal Conduit 16,010.25 Realignment 2,580.00 S Bend Olive/Pine WTR & SAN SW 56,303.75 Prairie Ave Signal Conduit 2 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 3. APPROVAL OF CLAIMS (CONT.) 420 FUND TIF DISTRICT-SBCDA GENERAL Park Department 414.00 Meridian Title Corporation 187,878.49 Mary Coyne Investments, Inc. 2,000.00 R & R Excavating 142,022.06 Rose Pest Solutions 93.00 AT & T 27.10 422 FUND WEST WASHINGTON Park Department Indiana Michiana Power Seasonal Property Maint. Wire Transfer Due 10/31/08 3:00 PM Acquisition of 416 Western Ave Purchase for 118 N Main St. Special Check Request Demolition of former Gates Chevrolet Building Pest Control LaSalle Hotel Security phone LaSalle Hotel 135.50 Seasonal Property Maint. 8.00 520 W Wayne St. 430 FUND SOUTH SIDE DEVELOPMENT Park Department 148.00 Seasonal Property Maint. $ 744,195.22 Upon a motion by Mr. Downes, seconded by Mr. Varner COMMISSION ArrROVED THE CLAIMS and unanimously carried, the Commission approved the susMITTED NOVEMBER 7, 2008, AND ORDERED Claims submitted November 7, 2008, and ordered THE cHECxs To sE RELEASED checks to be released. 4. COMMUNICATIONS There were no Communications. 5. OLD BUSINESS There was no Old Business. 6. NEW BUSINESS A. Tax Abatement (1) Resolution No. 2523 approving an application for real property tax deduction for property located at 3305 Lathrop Drive in the Airport Economic Development Area. (Gateway Plaza Real Estate) THERE WERE NO COMMUNICATIONS THERE WAS NO OLD BUSINESS 3 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) A. Tax Abatement (1) continued... Mr. Mathia noted that Gateway Plaza, at the northwest corner of Lathrop and Bendix, proposes to construct a combination warehouse/flex building of approximately 31,819 square feet. The building will consist of seven units of approximately 4,320 square feet each. The building will be Phase IV of the adjacent Gateway Plaza and will be of similar construction. Tenants in the building are likely to be primarily warehouse users, but with some need for front-office space or showroom areas. All suites will have grade- level overhead door access, with at least four slated for dock access as well. The building site covers approximately 1.94 acres. The estimated cost of Phase IV construction is $1,480,180. The project itself is not expected to create additional employment within the first year, but will enable a tenant, Memorial Health Systems, to move and have room to grow. Memorial will maintain fourteen existing permanent full-time jobs with an annual payroll of $858,924, including one existing permanent full-time minority employee with an annual payroll of $170,000. The total possible gains in employment resulting from construction of the building will depend on the kind of businesses that locate in it and cannot be estimated at this time; therefore, the petitioner has not presented any. As a result, no points were awarded for job creation in the Public Benefit Points Summary. 4 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) A. Tax Abatement (1) continued... The petitioner has not received any previous tax abatements. The properly is zoned for the proposed project. The property is located in the Airport Economic Development Area, which is a tax increment allocation area; therefore, the petition for real property tax abatement must first be approved by the South Bend Redevelopment Commission. Mr. Mathia noted that the project does not qualify for tax abatement under the tax abatement ordinance, but has requested a special exception from the Common Council. When the tax abatement ordinance was last redone, they updated the reference to the North American Industry Classification (NAIC) System which defines the kind of warehouses which qualify. However, they updated the reference, but didn't update the list of types of warehouses. The reference refers to groups 421, 422, and 493 in the NAIC System. In the version 2002, referred to in the ordinance, groups 421 and 422 are no longer there. The activities described under those groups are included in a couple of other groups. The attorney for the Common Council suggested requesting a Special Exception and then correcting the ordinance later. Mr. Mathia noted that, if approved, the total taxes to be abated during the three years of abatement are estimated at $79,214. The total taxes to be paid during that three year period are estimated to be $56,076. South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) A. Tax Abatement (1) continued... Ms. Jones commented that Memorial has been a supporter of the west side with the health clinic it is starting across from LaSalle Square. Ms. Ruiz said they do expect the new building to be fully leased quickly, because of its location near the airport and the fact that CB Richard Ellis has had some recent inquiries on this type of space. Upon a motion by Mr. Downes, seconded by Ms. King and unanimously carried, the Commission approved Resolution No. 2523 approving an application for real property tax deduction for property located at 3305 Lathrop Drive in the Airport Economic Development Area. (Gateway Plaza Real Estate) B. Housing (1) Loan and Grant in connection with the South Bend Home Improvement Program for property located at 909 Blaine Avenue. (Charles and Esther Jane Wilson) Mr. Inks noted that the loan is $6,700; the grant is $6,567. Upon a motion by Mr. Downes, seconded by Ms. King and unanimously carried, the Commission approved the Loan and Grant in connection with the South Bend Home Improvement Program for property located at 909 Blaine Avenue. (Charles and Esther Jane Wilson) 6 COMMISSION APPROVED RESOLUTION NO. 2523 APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION FOR PROPERTY LOCATED AT 3305 LATHROP DRIVE IN THE AIRPORT ECONOMIC DEVELOPMENT UREA. (GATEWAY PLAZA REAL ESTATE COMMISSION APPROVED THE LOAN AND GRANT IN CONNECTION WITH THE SOUTH BEND HOME IMPROVEMENT PROGRAM FOR PROPERTY LOCATED AT 909 BLAINE AVENUE. (CHARLES AND ESTHER JANE WILSON South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (1) Development Agreement with Michiana Public Broadcasting Corporation. (WNIT) Mr. Inks asked that Item 6.C.(1) be tabled. Staff has a little more work to be done on the contract with WNIT. (2) Proposal for professional services. (Architectural and Engineering, WNIT) Mr. Inks asked that Item 6. C. (2) be tabled. (3) Resolution No. 2522 approving and accepting a counter offer for the acquisition of property in the SBCDA (GMS, Wayne and William) Mr. Mathia noted that the Commission approved Resolution No. 2481 establishing its offering price for the GMS property at $77,000. GMS Realty has submitted a counter offer in the amount of $85,000. Staff believes the counter offer is reasonable, and the property is needed for the Coveleski Park planning effort. Staff recommends approval. Ms. Jones asked staff for an update at a future meeting on the budget for Coveleski Park acquisition. Upon a motion by Ms. King, seconded by Mr. Downes and unanimously carried, the Commission approved Resolution No. 2522 approving and accepting a counter offer for the acquisition of property in the SBCDA (GMS, Wayne and William) ITEM 6.C.(1~ WAS TABLED ITEM 6.C.(2~ WAS TABLED COMMISSION APPROVED RESOLUTION NO. 2522 APPROVING AND ACCEPTING A COUNTER OFFER FOR THE ACQUISITION OF PROPERTY IN THE SBCDA (GMS, WAYNE AND WILLIAM) 7 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (4) Proposal for survey services in the South Bend Central Development Area. (118 S. William) Mr. Mathia noted that The Manor at 118 S. William is currently vacant and for sale. Staff is concerned lest the property fall into the wrong hands. We would like to proceed toward acquisition while the property is for sale. We need to get a survey, appraisals and an environmental assessment. Mr. Varner asked if staff has ever looked at the loss in taxes as it acquires these properties, as part of the total acquisition cost. Mr. Mathia responded that staff does take that into consideration. In this case, both Sweet Home Baptist Church and The Manor, owned by Madison Center, are tax exempt. Staff was not able to find the taxes for 325-329 S. Main, but the assessed value is $127,000. Mr. Inks said the taxes on that would then be about $4,000 per year. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the request for proposal for survey services in the South Bend Central Development Area and accepted the proposal from Wightman Petrie in a not to exceed amount of $3,195. (118 S. William) (5) Proposal for environmental assessment in the South Bend Central Development COMMISSION APPROVED THE REQUEST FOR PROPOSAL FOR SURVEY SERVICES IN THE SOUTH BEND CENTRAL DEVELOPMENT AREA AND ACCEPTED THE PROPOSAL FROM WIGHTMAN PETRIE IN A NOT TO EXCEED AMOUNT OF $3,195. (118 S. WILLIAM) Area. (118 S. William Street) South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (5) continued... Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the request for proposal and accepted the proposal from Wightman Petrie in an amount not to exceed $12,095. (6) Proposals for appraisal services in the South Bend Central Development Area. (118 S. William, 325-329 S. Main, 410 S. Taylor) Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the request for proposals and accepted the proposal from R.E. Pitts for 325 S. Main in the amount of $2,950, Ralph Lauver for 118 S. William and 410 S. Taylor in the amount of 6,500, and Jerome Michaels for all three properties for a cost of $9,300. (7) Staff report on 118 N. Main Street in the South Bend Central Development Area. (JMS parking) Ms. Laurent noted that on June 13 the Commission approved an option contract to purchase the property at 118 N. Main St., the surface parking lot adjacent to the JMS office building. Subsequently, the property was publicly offered for disposition by the Commission on August 1. Resolution No. 2440 set the disposition price at $200,000, the same price at which the Commission would acquire the property from COMMISSION APPROVED THE REQUEST FOR PROPOSAL AND ACCEPTED THE PROPOSAL FROM WIGHTMAN PETRIE IN AN AMOUNT NOT TO EXCEED $12,095 COMMISSION APPROVED THE REQUEST FOR PROPOSALS AND ACCEPTED THE PROPOSAL FROM R.E. PITTS FOR 325 S. MAIN IN THE AMOUNT OF $2,950, RALPH LAUVER FOR 118 S. WILLIAM AND 410 S. TAYLOR IN THE AMOUNT OF 6,500, AND JEROME MICHAELS FOR ALL THREE PROPERTIES FOR A COST OF $9,300 9 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (7) continued... the current owner, John Coyne. An offer has been received by John Freidline, the owner of the JMS building to purchase the property for $200,000. Mr. Freidline intends to invest in the redevelopment of his building with an adaptive residential reuse project, and requires parking to support this development. Staff requests approval of the offer and direction to work with legal counsel to bring forward a contract for sale of land at the November 21 Commission meeting. Mr. Downes asked what would happen if Mr. Freidline didn't develop his project. Ms. Laurent responded that the bid specifications were intentionally written broadly for redevelopment and reinvestment in the JMS building. They did not require development to be a residential project. He is very anxious and has his plans in place, including to make improvements to the parking lot. Since we are selling the property for what we paid for it, we do not need to be as stringent about deliverables. In any case, the parking lot is a good addition to that building. Mr. Freidline has secured financing for the project. He intends to move his office tenants around in the building in order to be able to model a portion to residential condos at this time. He is a little unsure how quickly he will be able to convert the building to residential condos, considering the current housing market. Staff understands that and is willing to be patient, since we are not 10 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (7) continued... subsidizing the project at all. Mr. Leone noted that the contract for sale could be written in such a way that it delays closing based on meeting certain benchmarks, whatever the Commission feels appropriate. Mr. Downes said his concern is that acquisition of the parking lot enhances the value of the JMS building. If he doesn't move ahead with the project, we have used public money to improve his position. He could sell the building and lot at a profit. Mr. Varner said that he would be concerned that the building and lot could be more valuable in a use the Commission would not have wanted to be party to. He also wondered if the city might eventually want that lot for expansion of its parking garage. Ms. Laurent responded that we asked our engineering department to evaluate whether the garage could be expanded onto that lot. The evaluation indicated it could not. Ms. Laurent noted that this parking lot is a profit center for John Coyne, owner of the parking lot. He wasn't particularly interested in selling the lot, but he is also a supporter of downtown South Bend. He didn't want to stand in the way of development that the Commission saw as important. The $200,000 is well above the appraised price. It was the price that Mr. Coyne was willing to sell at. 11 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (7) continued... Ms. Laruent said that she has had no indication that Mr. Freidline is stalling on the project. Quite the opposite, he is anxious to move ahead. The delay in closing that was suggested might be a problem. We are trying to get this property into his hands. Ms. King asked if the Commission would have a buyback clause in the event the project did not move forward. Ms. Laurent responded that staff feels, in any use of the building, it is a natural fit for the parking lot to belong to the owner of the JMS building. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the sale of 118 N. Main to John Freidline at $200,000 and instructed staff to prepare a contract for sale of land. (8) Resolution No. 2525 approving of the execution of an Addendum to the Second Addendum to Lease between the South Bend Redevelopment Commission for the Century Center Project and establishing certain funds and accounts relating to the payment of the rentals therefore. Mr. Inks noted that the Century Center bonds finally sold last week, so those improvements can finally move forward. As a consequence of that sale, we now know what the actual lease payments will be, so we need to amend the lease payment schedule that was estimated in the Lease. The original COMMISSION APPROVED THE SALE OF 118 N. MAIN TO JOHN FREIDLINE AT $200,000 AND INSTRUCTED STAFF TO PREPARE A CONTRACT FOR SALE OF LAND 12 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (8) continued... schedule indicated semi-annual lease payments in the amount of $300,000. The actual payment will be $198,500, on October 15, 2009. The HoteUMotel Tax Board has pledged $600,000 to support this bond issue, so there is good coverage on it. Mr. Varner asked if the $198,500 is a constant throughout the life of the bond, or does it vary from payment to payment. Mr. Inks responded that it does vary, but not by as much as is sometimes the case. Mr. Inks reviewed the list of items to be completed with bond funds: skylight stabilization, replacing boilers, temporary repairs to Island Park, replacing chillers, replacing the fire alarm system, security system, and renovation of some restrooms. If funds are available after completing those repairs, a larger renovation of Island Park, renovation of C Hall, and replacing some roofs could also be done. Mr. Varner wanted it noted for the record that the Sculpture Garden is to be funded from excess proceeds from previous bonds, as opposed to being funded from TIF or from this bond issue. Mr. Rompola noted that the bond rate was a little higher than we anticipated several months ago. The economic crisis affected this bond sale because all the bond insurers went away, and the rating agencies were difficult to work with. We had to wait for the 13 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) C. South Bend Central Development Area (8) continued... market to come back a little, but then the rate was 5.6%. Ms. Jones credited bond counsel with getting this bond sold before the 90-day time limit that would have necessitated starting the process over. Upon a motion by Mr. Downes, seconded by Ms. King and unanimously carried, the Commission approved Resolution No. 2525 approving of the execution of an Addendum to the Second Addendum to Lease between the South Bend Redevelopment Commission for the Century Center Project and establishing certain funds and accounts relating to the payment of the rentals therefore. D. Airport Economic Development Area (1) Resolution No. 2520 related to acquisition of property in the Airport Economic Development Area. (1320 Franklin) Mr. Witwer noted that 1320 Franklin is required for the Transpo site. Resolution No. 2520 sets the offering price at $26,000, the average of two independent appraisals. The property owners are Jerry and Diane Graf. Upon a motion by Mr. Blake, seconded by Mr. Downes and unanimously carried, the Commission approved Resolution No. 2520 related to acquisition of property in the COMMISSION APPROVED RESOLUTION NO. 2525 APPROVING OF THE EXECUTION OF AN ADDENDUM TO THE SECOND ADDENDUM TO LEASE BETWEEN THE SOUTH BEND REDEVELOPMENT COMMISSION FOR THE CENTURY CENTER PROJECT AND ESTABLISHING CERTAIN FUNDS AND ACCOUNTS RELATING TO THE PAYMENT OF THE RENTALS THEREFORE COMMISSION APPROVED RESOLUTION NO. 2520 RELATED TO ACQUISITION OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT AREA. (1320 FRANxLIN) 14 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) D. Airport Economic Development Area (1) continued... Airport Economic Development Area. (1320 Franklin) (2) Resolution No. 2521 approving and accepting a counter offer for the acquisition of property in the Airport Economic Development Area. (1320 Franklin) Mr. Witwer noted that the Grafs have submitted a counter offer of $35,000. Staff recommends accepting the counter offer. Upon a motion by Mr. Blake, seconded by Mr. Downes and unanimously carried, the Commission approved Resolution No. 2521 approving and accepting a counter offer for the acquisition of property in the Airport Economic Development Area. (1320 Franklin) (3) Staff report on Viridian rail spur. Mr. Witwer noted that the Viridian rail spur was installed by the Industrial Foundation in conjunction with Chicago South Shore, with the hope that it would open more industrial land to rail served businesses. This idea never materialized as the tracks have never seen a car north of Lathrop Avenue. Two years ago the Viridian spur was disconnected by the resurfacing of Bendix Drive and Lathrop, and serves no purpose today as a viable rail. The city, in its planning for pedestrian COMMISSION APPROVED RESOLUTION NO. 2521 APPROVING AND ACCEPTING A COUNTER OFFER FOR THE ACQUISITION OF PROPERTY IN THE AIRPORT ECONOMIC DEVELOPMENT UREA. (1320 FRANxLIN) STAFF REPOR TON VIRIDIAN RAIL SPUR 15 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) D. Airport Economic Development Area (3) continued... pathways and trail systems has identified the rail spur as a great right-of--way for a network of pedestrian paths on its northwest side. Planning staff has been working with South Shore Freight to have the rail and ties removed at no cost to the Commission or city in exchange for the rights to the easement to use as a pathway to serve as an amenity to the community. South Shore has already started removing the track and ties, and will leave the ballast to serve as a foundation for a path surface. This is a great collaboration with South Shore Freight, at no expense to taxpayers. (4) Proposal for Phase II Environmental Site Assessment for the Waste Management 8 facility located at 1515-1519 South Franklin Street. Mr. Witwer noted that the historical use of this site was chemical manufacturing and a steel foundry. The Phase I site assessment indicated the need for a Phase II assessment. They will do ten soil borings on the site for a fee of $10,220. Staff recommends approval. Upon a motion by Mr. Downes, seconded by Mr. Varner and unanimously carried, the Commission approved the request for proposal and accepted the proposal of Wightman Petrie in an amount of $10,220 for a Phase II Environmental Site Assessment of 1515-1519 Franklin St. COMMISSION APPROVED THE REQUEST FOR PROPOSAL AND ACCEPTED THE PROPOSAL OF WIGHTMAN PETRIE IN AN AMOUNT OF $10,220 FOR A PHASE II ENVIRONMENTAL SITE ASSESSMENT OF 1515-1519 FRANKLIN ST 16 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 6. NEW BUSINESS (CONT.) D. Airport Economic Development Area (5) Filing of Resolution No. 2524 determining to appropriate monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning January 1, 2008 and ending December 31, 2008, including all outstanding claims and obligations, fixing a time when the same shall take effect. (Blackthorn Golf Course budget and setting a public hearing on Resolution No. 2524 for December 5, 2008 at 10:00 a.m. Ms. Leonard noted that this is simply the filing of the resolution and setting a public hearing for December 5, 2008 at 10:00 a.m. Ms. King asked why the budget needs to be adjusted this late in the year. Ms. Leonard responded that the Commission approved spending of the specific amounts listed in the lines of the budget. There have been more expenses in some lines and money not needed in others. Moving money from one line to the other requires Commission approval. The bottom line remains the same. This is a normal occurrence in government. By state law, the various lines are not allowed to be in the red. At the end of each year adjustments are made to move funds from one line to the other so no lines are in the red. Upon a motion by Ms. King, seconded by Mr. Blake and unanimously carried, the Commission accepted for filing Resolution No. 2524 and set a public hearing on Resolution No. 2524 for 10:00 a.m., December 5, 2008. 17 COMMISSION ACCEPTED FOR FILING RESOLUTION No. 2524 AND sET A PUBLIC HEARING ON RESOLUTION NO. 2524 FOR 10:00 A.M., DECEMBER 5, 2008 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 E. West Washington-Chapin Development Area There was no business in the West Washington- Chapin Development Area. F. South Side Development Area There was no business in the South Side Development Area. G. Northeast Neighborhood Development Area There was no business in the Northeast Neighborhood Development Area. H. Douglas Road Economic Development Area There was no business in the Douglas Road Economic Development Area. I. Other 7. PROGRESS REPORTS Mr. Varner asked what ever happened with the Sales PROGRESS REPORTS Tax Increment Financing (STIF) district that was approved for the South Side Development Area. It was worth $1M per year for fifteen years. Mr. Inks responded that it was never implemented. The last time we talked to the state, they were not inclined to move ahead with the STIF. He didn't recall their reason. Mr. Varner recalled that the state didn't feel there was enough building under roof at the time. With construction of Gates, we shouldn't have trouble meeting their threshold. He thought we could move forward on the STIF when the threshold was met. Mr. Inks said he would check on it, but he didn't think the state was inclined to move forward with it, even after the threshold was met. 18 South Bend Redevelopment Commission Regular Meeting -November 7, 2008 8. NEXT COMMISSION MEETING The next meeting of the Redevelopment Commission is scheduled for Friday, November 21, 2008 at 10:00 a.m. 9. ADJOURNMENT There being no further business to come before the Redevelopment Commission, Mr. Downes made a motion that the meeting be adjourned. Ms. King seconded the motion and the meeting was adjourned at 10:58 a.m. NEXT COMMISSION MEETING ADJOURNMENT .~~~ ~ :. ~:~~..in}~; Deire~.tor. ~ ~ ~i~ ,1 'James, ~Pq ~~ I. ~ ~.. ~ ... ~ . , 19